The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
A lot of nonsense talked about MM's and manipulation - the bare fact is that GG is spending a lot of money with no income stream - they want to mine Haverion but havent the money to get the other 70% over the line - its still not clear and nobody will answer the question - who is going to pay the other 70% just to re-start the declibe - I currently think nobody - so the decline will not restart until the who owns the 70% is decided...the aquifer is a convienient excuse/stop point until the new owner of the 70% decided....I thought I would come back in at 5.5 and had order to do so yesterday - but now i think I want to come in at less than that..
Daft to quote an 18 Month old RNS -there could be an RNS out tomorrow that says different -and this Long before Newmont decided to off load Haverion - That bank facility will not touch the sides if we want to buy the other 70% AND develop it into a mine...and nobody has answered the question about the current decline (when it restarts) - Are Newmont going to continue to take 70% costs of this if they have already decided to offload - I very much doubt it......will the decline even restart at all until the 70% is sold....I dont think so.
You couldnt make it up - after listening to the ambulance chasers targeting SJP on Greatest hits - I switch to rival Heart due to bad reception and there is an ad FOR SJP........
The ships a full - onboard spending best its ever been, two new ships just on order - paradoxically its the fact that US job numbers that are up (allowing people to go on cruises) that may stop the interest rates going down and our debt payments to remain large for longer.....
Still bad news to come im afraid - UK wide Greatest Hits radio has continious advert from an ambulance chaser lawyer looking for people/investors with a gripe about the service......
Got to be divvy incoming news......
636 to buy now
There is no reason not to expect the update about easter to be positive....my pilot buddy says tui flights have been full as can be for last 18 months - he is flying his full 900 hours per year and cant do any more.
Https://companiesmarketcap.com/rolls-royce-holdings/marketcap/
I keep going back to this graph - showing overstrech in marcap - I think sensible fall back to 3.75 is possible before rising again on dividend news whenever that is
Interesting ding dong on the share price - I do think a bit weird some investors cant work out that the rights issue diluted the number of shares and they think this share is still cheap - its not. Look at the market cap - https://companiesmarketcap.com/rolls-royce-holdings/marketcap/ - we are punching above our weight quite a bit at the moment. I dont buy the contracts in the pipeline either - RR have ALWAYS had contracts in the pipeline - some huge huge contracts in the past at the height of defence spending in the 90's. I said recently that I was out at 4.15 - but I hung on yesterday as the whole market pulled up RR as well as everything else. I reckon If I can get out at 4.30 I would be very happy as I expect a fall back to more sensible levels of 3.75 and I will be back in.
Recently almost all my shares have dropped quite a few % more than the divvy on ex-divvy day - I am considering a sell/buyback strategy for some ( ditch the divvy and increase my shareholding by selling before ex-divvy day and buying back when share drops on ex-divvy day- this seems sensible if you were only going to use the money to re-invest in that share anyway - and you dont get hit with the tax for the dividend)